The company last underwent massive layoffs in the early 1990s, when it suffered one of the worst declines in its history. But after significant retooling, IBM emerged with a slicker image and better financials.

Motorola Mobility announced another round of layoffs Friday, alerting its workers that it plans to cut 1,200 jobs, or about 10 percent of its current work force. It is the second round of layoffs since the company was acquired by Google last May...

The layoffs , which represented an 8.4 percent reduction in its European workforce, were also said to be part of an effort to streamline operations. The company said at the time that it was also considering restructuring its U.S. and Japanese arms.

Makovich noted that while the company conducted layoffs in the second quarter, it did not confirm at that time how many employees would eventually be let go. IBM also dumped its hard drive division in a deal with Hitachi, ridding itself of...

HP expects to save as much as $3.5 billion from the layoffs by the end of fiscal year 2014, including a $1.7 billion pretax charge that will have an impact on fiscal 2012's results. The company will put most of those savings...

He added that the layoffs and additional savings, such as closure of overlapping offices, will save PeopleSoft as much as US$207 million per year going forward. The layoffs will target marketing , back-office information technology and management jobs , he added, with...

MVP.com spokesperson Paula Davis told the E-Commerce Times that the layoffs were across all departments and all levels. The sports e-tailer, backed by athletic superstars Michael Jordan, John Elway and Wayne Gretzky, has 43 employees remaining at its Chicago headquarters.

... there ways for dot-coms to trim the fat without resorting to layoffs ? According to a study released Wednesday by Gartner , the answer is a resounding yes. The study, "Nine Ways to Cut Costs and Save E-Business Initiatives," outlines the ways...

Nortel Networks (NYSE: NT) dropped US$2.27 to $14.49 in morning trading Wednesday after the telecom company announced a second set of layoffs and again reduced expectations for first-quarter results. Analysts at Lehman Brothers and First Union Securities lowered their estimates for Nortel to...

... the announcement of staff layoffs and an executive departure last week, Drugstore.com (Nasdaq: DSCM) on Monday reported a narrower than expected loss for the fourth quarter and that net sales for the fourth quarter of 2000 topped sales figures for all of...

MVP.com spokesperson Paula Davis told the E-Commerce Times that the layoffs were across all departments and all levels. The sports e-tailer, backed by athletic superstars Michael Jordan, John Elway and Wayne Gretzky, has 43 employees remaining at its Chicago headquarters.

To help cut future losses, Priceline said it will lay off about 50 workers and will terminate another 15 outside consultants as part of a broad effort to cut costs starting in the current quarter. The Norwalk,...